Quote:
Originally posted by yournamehere
That's how bail bondsmen make their money - it's a 10% <b>fee</b> for them putting up the full bail amount.
Example:
Your bail is set at $2000
You give bondsman 10% - $200
He gives the court a bond in the amount of $2000 i.e. he promises to pay that much if you don't show up for court.
When you show up for court, the court relinquishes the bond.
Bondsman puts his $200 (previously your $200) into his bank account.
So you paid him $200 to post your bail - you don't get it back
Yes - 10% is an awfully high interest rate for "loaning" you the money, but let's not forget that bail bondsmen's customers are not exactly the most trustworthy bunch of individuals.
That's why there are bounty hunters - they work for the bond companies to round up the "no-shows."
Er . . . or so I've heard.
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oooh now i get what Liquor Dealer meant by it when he said in most cases its only 10%... thanks for clearing that up yournamehere!
